Guarantor Default. The failure of any other person obligated for the payment of any of the Obligations, either directly or indirectly, or obligated under this Agreement or any of the other Loan Documents to perform any of the terms and conditions imposed upon such other person by any of said agreements, as and when the same are required to be so performed, or the occurrence of some other default by such other person under any of said agreements.
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Samples: Loan and Security Agreement (Unilens Vision Inc), Loan and Security Agreement (Portfolio Recovery Associates Inc), Centura Loan and Security Agreement (Portfolio Recovery Associates Inc)
Guarantor Default. The failure of any other person obligated for the payment of any of the Obligations, either directly or indirectly, or obligated under this Agreement or any of the other Loan Documents to perform any of the terms and conditions imposed upon such other person by any of said agreements, as and when the same are required to be so performed, or the occurrence of some other default by such other person under any of said agreements, subject in each instance to the notice and cure provisions provided thereunder and therein, if any.
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